HRTS Tema ETF Trust Tema Heart & Health ETF

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

HRTS vs XLV

Both indexed to 100 at 2026-05-11.

HRTS XLV · range 100–134 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

XLV State Street Health Care Select Sector SPDR ETF

ρ +0.85beyond mkt +0.63holdout +0.91stable 100%robust

PPH VanEck Pharmaceutical ETF

ρ +0.82beyond mkt +0.60holdout +0.89stable 100%robust

AGNG Global X Funds Global X Aging Population ETF

ρ +0.83beyond mkt +0.57holdout +0.85stable 100%robust

LLY Eli Lilly & Co.

ρ +0.71beyond mkt +0.56holdout +0.76stable 100%robust

IHE iShares U.S. Pharmaceuticals ETF

ρ +0.84beyond mkt +0.55holdout +0.91stable 100%robust

IBB iShares Biotechnology ETF

ρ +0.84beyond mkt +0.51holdout +0.84stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.31beyond mkt +0.01holdout -0.27stable 88%robust

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.38beyond mkt -0.01holdout -0.30stable 88%robust

No day-to-day relationship, but 5- or 10-day returns move together.

MYI BLACKROCK MUNIYIELD QUALITY FUND III, INC.

horizon 10dρ +0.46holdout +0.68stable 50%moderate

WGS GeneDx Holdings Corp. Class A Common Stock

horizon 5dρ +0.30holdout +0.34stable 100%robust

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

BTA Beacon Tactical Alternatives Risk ETF

Δ -0.65recent -0.45prior +0.20beyond mkt +0.06

VMI Valmont Industries, Inc.

Δ -0.62recent -0.32prior +0.30beyond mkt +0.04

PKE Park Aerospace Corp. Common Stock

Δ -0.61recent -0.31prior +0.30beyond mkt +0.02

MTRN Materion Corporation

Δ -0.57recent -0.27prior +0.31beyond mkt -0.02

SMTC Semtech Corporation Common Stock

Δ -0.57recent -0.31prior +0.26beyond mkt +0.06

NGS Natural Gas Services Group, Inc.

Δ -0.55recent -0.42prior +0.13beyond mkt +0.07

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared
CANC Tema ETF Trust Tema Oncology ETF	+0.42	+0.79	12
OZEM Roundhill ETF Trust Roundhill GLP-1 & Weight Loss ETF	+0.46	+0.77	16
PJP Invesco Pharmaceuticals ETF	+0.46	+0.83	16
PPH VanEck Pharmaceutical ETF	+0.60	+0.82	21
FBT First Trust NYSE Arca Biotechnology Index Fund	+0.38	+0.77	16
FXH First Trust Health Care AlphaDEX Fund	+0.38	+0.77	16